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The prospects of what is generally called British Imperialism at present causing anxiety and misgiving. The difference in public attitude on this matter that has developed within recent years. A topic that is not new, but new in some very significant respects. The old thoughts and phrases about the British Empire seeming strangely remote from the characteristic way in which our present generation thinks and expresses itself. Our Empire creed forced to a wholesome restatement by the experience of the last tremendous years which have cast such fierce light upon the roots of things. An examination of the challenge to British Imperialism. A call to justify, to abate, or to share these world-wide pretensions of British control. The new tone which has entered into diplomatic exchanges, and in the press. Some instances in world politics of a restless discontent in three great powers--Germany, Italy, Japan. A discussion of the world political situation and some possible scenarios. How much further the Italian and the Japanese aggressiveness will proceed. Peril to British Imperialism in the Mediterranean from Italy and a complementary peril in the German demand for return of those colonies in Africa which the Fatherland had to give up by the terms of Peace in 1919. Support for this demand from within England. How widespread is the agreement that the so-called "Hungry powers" have a grievance. Misgivings about the justice of British predominance in the world combined just now with sombre reflection on the break-down of the League of Nations. A reply to these considerations. A presentation of the opposing case. An analogy: "What Communists demand in the world of domestic revolution, the so-called "Hungry Powers" demand in international change." A detailed discussion enlarging on this analogy follows. The speaker's suggestion that the coming League Conference on greater accessibility of raw materials, which Great Britain took the lead in urging at last session in Geneva, holds the brightest promise for the future. The key to the situation in reform of tariffs. The challenge of peculiar significance for Canada, who, fifteen years ago, when proposal of a League committee to consider the question of easier access to raw materials was pressed at Geneva, strongly opposed it. The more unreasonable the demand of the enemy we have to meet, the more important it is to be reasonable ourselves. Great Britain taking the initiative today. The challenge becoming the stimulus to a wiser and a nobler pride. The speaker's plea today for no obstinate attachment to ancient imperial ways; quite the reverse. Canada and Great Britain meeting the future laden with perils together.